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ken-schult
Level 1
June 7, 2024
Question

Does a corrected 1099-div line3 require amending 2023 tax return?

  • June 7, 2024
  • 1 reply
  • 2 views
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1 reply

B
Level 15
Bsch4477Level 15
Level 15
June 7, 2024

No. The amount doesn’t affect your tax liability. It reduces your cost basis in your asset which your financial institution should track. 

Mike9241
Level 15
Mike9241Level 15
Level 15
June 7, 2024

usually if line 3 is changed there's a change to another line.   if the security was sold during 2023, then you should also have received a corrected 1099-B because the originally reported tax basis is wrong.

 

 

Mike9241
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